Hi, I try to post often so if you could follow, like and comment your thoughts on this thread about crypto in 2022 I would be so grateful (this took a lot of time, so any feedback or opinion is welcome).
-Bitcoin:
Let's start to talk about how BTC did in 2021. Bitcoin started the year at the price of 30K, and hit a new ATH in the months of february, march and april. In may the coin dropped from 64K to the 34K-30K range aftre facing multiple FUD. First Tesla stopped accepting BTC as a form of payment and after China banned the coin. After the FUD (those were the main) BTC resume his uptrend in august reaching to 50K.We could see athe resistance of the descending triangle being broke so we saw a lot of greed from retail investors. Suddenly everyone was buying crypto, the market was very bullish, SPX was going crazy and we hit two new ATH (66K in october and 69K in november). Now we are at a point were we have a resistance at 50K and a support at 45K. For 2022 I don't know waht we can expect on Q2,Q3 and Q4, but now things don't look so good. BTC market isn't showing strenght (alts going up and BTC sideways is just a matter of time before a bleeding market), most of retail investors aren't bullish in the short term, whales might dump the market so they can buy at a chepear price later and we don't have any recents news (besides MSTR holdinds increasing). We also can identify on the chart a very similar pattern (bullish divergence with decreasing volume) when BTC dropped from 50K to 30K. Now I can see the coin dropping slowly to the 35K-40K range, but after that who knows.
-Altcoin market/altseason
In the last year crypto market went up a lot, and we saw lots of coins going up 20X. Will that happen this year? We can't answer that right now, but for now trading alts is a great way to trade right now. We had coins like ATOM, CRV and ROSE going up a lot in the last month, and I think before a big market crash trading altcoins is a great way to make profit (I have been posting great short entrys lately and I don't think that will stop any time soon).
This was my first idea like this so if you have any advice on how to improve please let me know. Hope you enjoy it, and if you could leave a like and follow it would mean a lot to me. Thanks! TradingView
-Bitcoin:
Let's start to talk about how BTC did in 2021. Bitcoin started the year at the price of 30K, and hit a new ATH in the months of february, march and april. In may the coin dropped from 64K to the 34K-30K range aftre facing multiple FUD. First Tesla stopped accepting BTC as a form of payment and after China banned the coin. After the FUD (those were the main) BTC resume his uptrend in august reaching to 50K.We could see athe resistance of the descending triangle being broke so we saw a lot of greed from retail investors. Suddenly everyone was buying crypto, the market was very bullish, SPX was going crazy and we hit two new ATH (66K in october and 69K in november). Now we are at a point were we have a resistance at 50K and a support at 45K. For 2022 I don't know waht we can expect on Q2,Q3 and Q4, but now things don't look so good. BTC market isn't showing strenght (alts going up and BTC sideways is just a matter of time before a bleeding market), most of retail investors aren't bullish in the short term, whales might dump the market so they can buy at a chepear price later and we don't have any recents news (besides MSTR holdinds increasing). We also can identify on the chart a very similar pattern (bullish divergence with decreasing volume) when BTC dropped from 50K to 30K. Now I can see the coin dropping slowly to the 35K-40K range, but after that who knows.
-Altcoin market/altseason
In the last year crypto market went up a lot, and we saw lots of coins going up 20X. Will that happen this year? We can't answer that right now, but for now trading alts is a great way to trade right now. We had coins like ATOM, CRV and ROSE going up a lot in the last month, and I think before a big market crash trading altcoins is a great way to make profit (I have been posting great short entrys lately and I don't think that will stop any time soon).
This was my first idea like this so if you have any advice on how to improve please let me know. Hope you enjoy it, and if you could leave a like and follow it would mean a lot to me. Thanks! TradingView
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.